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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (88183)	10/30/2007 12:43:06 PM
From: westpacific	Read Replies (1) \| Respond to of 110194

I have a INDU target of 12700ish for December. Have reduced my longs going into this meeting. No cut, tell you...... Oil up $30 bucks in three months. They cut Oil will hit 120 by year end and the FED will have a bigger mess on their hands. This subprime mess/CDOs, lower FF rate will do nothing to resolve that problem. They will not create other problems. However, a rate cut by year end is more what I see. Not here, not now. Wednesday will tell the tale. West